Energy

Latest Energy News in Iran – Iran’s economy, while diversified, is still heavily influenced by the state of the oil and gas market. Read more about recent news and developments in the sector here.

Energy

Iranian oil min.: Tehran-Moscow ties will continue growing 

IFP Editorial Staff -
Iran's Oil Minister Javad Owji says Tehran will continue the policies of late president Ebrahim Raisi including in the energy sector.
Energy

Iran, Azerbaijan inaugurate Qiz Qalasi dam on Aras River

IFP Editorial Staff -
The Qiz Qalasi dam on the Aras River in northwestern Iran, tipped as the most important water project for Iran and the neighboring Republic of Azerbaijan, became operational on Sunday.
Energy

Iranian, Azerbaijani presidents to inaugurate dam on Aras River on Sunday

IFP Editorial Staff -
Iran’s President Ebrahim Raisi will jointly inaugurate with his Azerbaijani counterpart Ilham Aliyev a dam on the Aras River on Sunday.
Energy

India downplays US sanction threat over Iran’s port contract

IFP Media Wire -
India’s Foreign Minister S. Jaishankar has downplayed US threat of sanctions after New Delhi signed a landmark contract with Tehran to operate the Chabahar Port in Iran, stressing the project will “benefit the entire region".
Energy

Foreign investors win bid to develop seven oil fields in Iran

IFP Editorial Staff -
Iran is pushing its policy to draw foreign investors in the oil sector by putting then on seven oil fields in the south of the country, the head of the National Iranian Oil Company (NIOC) says.
Energy

Minister: Iran oil production increased 60 percent

IFP Editorial Staff -
Iran’s Oil Minister Javad Owji said oil production in the country has jumped 60 percent in the past 2 ½ years.
Energy

Pakistan says to block any external interference on Iran gas project

IFP Media Wire -
Pakistan’s Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar has reiterated that Islamabad will deter external interference when it comes to complying with the terms of a natural gas import contract with Tehran.
Nuclear

1st concrete pouring for Karun nuclear island set for fall: Iran revives dormant power plant

IFP Editorial Staff -
Mohammad Eslami, the head of the Atomic Energy Organization of Iran, announced that the construction of the first nuclear concreting island at the Karun site in southern Iran will commence in the fall.
Energy

Iran oil exports hit 6-year high amid US sanctions: Report

IFP Media Wire -
Tehran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost, the Financial Times has reported.
Energy

Report: Iran ahead of other OPEC members in terms of rise in crude output in March

IFP Editorial Staff -
The Organization of Petroleum Exporting Countries (OPEC) says Iran took the lead among oil producers in March 2024 when it produced 3 million 188 thousand barrels per day (bpd) of crude, 28,000 bpd more that its output in February.
Energy

Pakistan says reserves right to import gas from Iran despite US objections

IFP Media Wire -
Pakistan has stressed it is within its rights to import natural gas from Iran despite the US objections to fresh attempts by Islamabad to revive a 2009 gas supply agreement with Tehran.
Energy

Iran extends gas export contract with Iraq

Mahdi Arman -
Iran has renewed a contract with Iraq to export gas to its western neighbor for five more years.
Security

Top comdr.: Iran to retaliate in kind if oil tankers stolen

IFP Editorial Staff -
A senior Iranian commander says Iran will retaliate in kind if its petroleum shipments are stolen.
Energy

Iran celebrates 73rd anniv. of oil industry nationalization

IFP Editorial Staff -
Iran is commemorating the 73rd anniversary of its historic nationalization of the oil industry, a landmark event that reshaped the nation's trajectory.
Energy

Minister: Iran signs oil contract worth $13bn

IFP Editorial Staff -
The Iranian petroleum minister says the country has signed the biggest ever contract in the nation’s oil history worth $13 billion.
Energy

Trump reelection not to hinder Iran’s oil sales: Minister

IFP Media Wire -
Iranian Oil Minister Javad Owji says that Tehran’s oil exports won’t be hampered if Donald Trump wins the US presidential elections in November. He also added that sanctions and acts of sabotage have failed to stop the country’s progress in the oil sector.
Energy

Iran issues fresh warning against Kuwait over Arash gas field row

IFP Editorial Staff -
Iran says it believes in ‘integrated and joint’ extraction with Kuwait and Saudi Arabia from the disputed Arash gas field in the Persian Gulf, warning Tehran will start drilling in the field if Kuwait does so.
Incidents

One killed, 3 injured in oil refinery blast in southern Iran

IFP Editorial Staff -
One person was killed and two others were injured in an explosion at an oil refinery in the southern Iranian port city of Bandar Abbas.
Energy

Iran has potential to become energy hub: President Raisi

IFP Media Wire -
President Ebrahim Raisi expressed Iran’s readiness to become a energy hub, stating that his country could turn into a safe route for the transfer and distribution of natural gas among suppliers and consumers.
Energy

Iranian research institute wins GECF award in Algiers

IFP Editorial Staff -
Iran’s Research Institute of Petroleum Industry (RIPI) has been granted the Gas Exporting Countries Forum (GECF)’s Award for Long-Term Commitment to Natural Gas in recognition of its contribution to the natural gas sector.
Energy

Iran gas production grew 2.5 times more than global average during ten-year period: Oil minister

IFP Media Wire -
Iranian Oil Minister Javad Owji has stated that the country’s natural gas production from 2012 to 2022 saw an average growth of 5.2 percent. He added that the figures show the production volume in Iran was more than 2.5 times the global average growth during this period.
Asia

Pakistan says US sanctions ‘may not apply’ to gas pipeline project with Iran

IFP Media Wire -
Pakistan’s caretaker energy minister has stated Washington’s anti-Tehran sanctions, imposed over its nuclear program, may not apply to the Iran-Pakistan gas pipeline as Islamabad was going to start work on the project within its territory and connect to the neighboring country.
Security

Iran says Israel was behind recent gas pipeline explosion

IFP Media Wire -
A recent blast that hit gas pipelines in Iran has been perpetrated by the Zionist regime, Oil Minister Javad Owji told reporters on Wednesday.
Energy

VP warns Iran to take ‘reciprocal action’ if its ships are seized by US

IFP Media Wire -
Iran’s Vice President for Legal Affairs Mohammad Dehqan has stressed that the country will reciprocate if its ships are seized illegally, as the United States acknowledges the confiscation of Iranian oil.
Energy

Iran’s oil exports increased 50% last year despite US sanctions: Report

IFP Media Wire -
A new report shows that Iran’s oil exports rose by half in 2023 despite sanctions imposed on Tehran by Washington.
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